Ukraine set to raise $2bn at ‘impressive’ level after Poland prints negative in euros

By Mariam Meskin
01 Jul 2020

Ukraine was set to issue a highly anticipated bond on Wednesday, having started pricing with what some experts called "impressive" initial price thoughts. The deal follows one from Poland, which secured three year money at a negative yield in euros on Tuesday.

Initial price thoughts for the senior unsecured RegS/144A long 12 year bond were 7.875% area. Ukraine is rated B3/B/B.

The deal, expected to close on Wednesday afternoon, is expected to be for around $2bn.

According to ING, Ukraine can avoid paying a new issue premium, with the yield expected ...

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